South Korea's Hands starts to build Morocco aluminum plant - agency
10/04/2018 20:45
RABAT, April 10 (Reuters) - South Korea's Hands Corp started
work on Tuesday on building an aluminium wheel plant in Morocco
at a total cost of 4.33 billion dirhams ($472 million), Moroccan
state news agency MAP said.
The new factory will have an annual production capacity of 8
million units and will be the third largest investment in the
automotive sector in Morocco after Renault's plant in Tangier
and PSA Peugeot Citroen factory in Kenitra, MAP said.
($1 = 9.1719 Moroccan dirham)
(Reporting by Ahmed Eljechtimi; Editing by Ulf Laessing and
Mark Potter)
((Ulf.Laessing@thomsonreuters.com; Reuters Messaging: follow me
on twitter @ulflaessing))